Arkansas Capital Corporation Group News>New Markets Tax Credit News

This video from NovogradacCPAs describes the incentive the tax credit provides for companies to invest in low-income communities; also, it shows the basic new markets tax credit structure and definition.

Arkansas Baptist College announced Thursday that it will invest $18 million to expand its Little Rock campus by adding a new residence hall and general education building and purchasing nearby real estate for future growth. The college said First Security... Read More →

Arkansas Baptist College announced plans today for an $18 million expansion of its campus just south of downtown Little Rock. The college plans to build a new education building, expand the cafeteria from 77 seats to 322, build a new... Read More →

Not long ago, the enrollment level at Arkansas Baptist College was around 300 students. The college facilities were neither updated nor plentiful, and there was not enough housing available for the students on campus. Because of the situation wit the... Read More →

On Wednesday (March 10), the Senate passed the “American Workers, State, and Business Relief Act of 2010.” Besides providing $1.5 billion in disaster funds for agriculture, the bill would reinstate vital tax credits for the biodiesel industry that expired last... Read More →

Heartland Renaissance Fund was notified on May 27, 2009 that it had been awarded a $55 million allocation of New Market Tax Credits for use within Arkansas from the New Markets Tax Credits Recovery Act Allocation.

The New Market Tax Credit (NMTC) program has been used to facilitate financing for a wide range of projects within eligible census tracts. The Department of Treasury released its November Report showing the programs investment results. Here are sample projects... Read More →

An overview of New Market Tax Credits and how they benefit communities in Arkansas.

The U.S. Treasury announced today that Arkansas-based Heartland Renaissance Fund  will receive $70 million in Federal New Market Tax Credits, which will be used to stimulate investment in healthcare, education and economic development projects in Arkansas. Donna Gambrell, director of the... Read More →

Speaking today alongside U.S. Senator Blanche Lincoln and U.S Senator Mark Pryor, the Director of the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund), Donna J. Gambrell, announced an award of $70 million in tax credit... Read More →